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Bitcoin (BTC) dropped by 4.4% last week pressured by long-term holders (LTH), whales, and miners selling their holdings, according to the latest edition of the “Bitfinex Alpha” report. The movements happened mainly through exchange sales and over-the-counter (OTC) transactions.
These groups, historically known to divest during bull markets and consolidation phases, are demonstrating their market influence once again. The recent selling, though less intense than previous instances, underscores the significant impact LTHs and whales have on liquidity and price fluctuations.
These groups, historically known to divest during bull markets and consolidation phases, are demonstrating their market influence once again. The recent selling, though less intense than previous instances, underscores the significant impact LTHs and whales have on liquidity and price fluctuations.
NEW: 🇺🇸 #Bitcoin spot ETFs have now had 18 days of consecutive inflows 💥
The bull run is just getting started 🚀
#binance BuyTheNumbers powered by HIVE Digital Technologies LTD
#BitcoinNews #BitcoinETF #FinancialNews #Investing
The bull run is just getting started 🚀
#binance BuyTheNumbers powered by HIVE Digital Technologies LTD
#BitcoinNews #BitcoinETF #FinancialNews #Investing
Bitcoin wavered near $67,000 early Friday as the crypto market consolidated. BTC is stuck in a sideways channel after previous attempts for rallies earlier this week fizzled out. In a sign of diminishing investor confidence, U.S.-listed spot bitcoin exchange-traded funds suffered $226 million of net outflows on Thursday. Fidelity's FBTC led the outflows with only BlackRock's IBIT recording positive, albeit minor, inflows. BTC declined 1.3% over the past 24 hours, while the broader crypto market was also down nearly 1%, as measured by the CoinDesk 20 Index (CD20).
Looking forward to this June, emerging projects such as PlayDoge ($PLAY), Sealana ($SEAL) and WienerAI ($WAI) are considered extremely attractive alternatives to $PEPE. These tokens combine humor with cutting-edge technology, offering unique value to investors looking for the next potentially successful opportunity in the meme coin market.
Let's see what these projects have to offer!
Let's see what these projects have to offer!
$BTC price action has been choppy for the most part of the past 30 days. Nevertheless, the asset continues to trend above the 50-day and 200-day simple moving averages (SMA), indicating some bullish sentiment from the market. The price action is currently at the 50-day SMA, which coincides with a major support structure around the $66,000 level. This is a strong resistance-turned-support, tested up to 5 times in the past two months.
A new sell-off trend is gaining momentum in the cryptocurrency market ahead of the Federal Open Market Committee (FOMC) in June, after losing support at $70,000 last weekend and $68,000 last week. On Tuesday, June 11, Bitcoin price signaled an extended downtrend at $66,000.
#TopCoinsJune2024 #binance #btc
#TopCoinsJune2024 #binance #btc
